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The latest news regarding Gold Futures. Trading Video Hub on Traders Terminal… Foreign minister accuses Washington of damaging relationship with Beijing

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* SPDR Gold Trust holdings rose 0.4% on Friday* Specs increased gold bullish positions in week to May 19 -CFTC* U.S. warns China of potential sanctions over Hong Kong* For an interactive…

May 25 (Reuters) – India’s three-times Olympic gold medallist Balbir Singh has died at the age of 95 after a prolonged pulmonary illness.Singh helped India win its first Olympic gold as an…

* SPDR Gold Trust holdings rose 0.4% on Friday* Speculators increased gold bullish positions in week to May 19 -CFTC* For an interactive graphic tracking the global coronavirus spread, open…

* Asian stock markets : https://tmsnrt.rs/2zpUAr4By Paulina DuranSYDNEY, May 25 (Reuters) – Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after…

* Asian stock markets : https://tmsnrt.rs/2zpUAr4SYDNEY, May 25 (Reuters) – A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States,…

May 25 (Reuters) – Gold dipped on Monday as Japanese equities rose on news about a potential stimulus programme, although losses were capped by a weaker dollar and worries of fresh Sino-U.S….

* Asian stock markets : https://tmsnrt.rs/2zpUAr4SYDNEY, May 25 (Reuters) – Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade…

The enormous amount of monetary stimulus in the system, the need for that to continue for some time and the inflation risk are all bullish for gold.

First serious competitor to Dangal’s dominance of Hindi audiences is here – Shemaroo

We are trying to understand the impact of Covid-19 pandemic: Juan Carlos Artigas

The large American multinational investment bank Goldman Sachs will host a conference call regarding Bitcoin, gold, and inflation. While precise information on the call’s content is…

Leading stock exchanges NSE and BSE, for the first time ever, will launch options contract on spot gold prices from June 8.Currently, the leading com

Gold Weekly Price Analysis – May 23 Should the bulls defend the support level of $1,680, then, the Gold price may continue to increase to $1,800 – $1,850. Failure of the bulls to…

In Texas, where Gov. Greg Abbott allowed gyms to reopen Monday at 25% capacity with modifications, gym owners say they’ve stocked up on cleaning supplies in anticipation of returning…

Huge stimulus provided by economies across the globe is likely to put more money in consumer’s hands, due to which gold and silver prices may spurt further

NSE and BSE will offer options on the underlying gold and silver contracts.

A new report reveals that bitcoin is quickly accelerating to become the safe-haven asset of digital currency markets. Since the advent of bitcoin, following the massive economic crumble in…

(Adds U.S. market close)* China’s Hong Kong security law unnerves markets* Stocks slide in Asia, trade flat in Europe and Wall Street* Oil prices tumble more than 5% before paring losses*…

* U.S.-China tensions over Hong Kong unnerve stock markets* Palladium on track for biggest weekly gain since March* Physical gold demand ticks up in Asian hubs* For an interactive graphic…

(Adds U.S. market open, byline)* China’s Hong Kong security law rattles markets* Stocks slip, oil prices tumble more than 4%* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVhBy…

May 22 (Reuters) – 1/VACCINE RACE U.S. President Donald Trump has put his faith in anti-malarial drug hydroxychloroquine to ward off COVID-19, but governments and investors are focusing on a…

* Most demand still coming from institutional investors* China discounts drop, some jewellers open up in India* Singapore to re-open economy from June in phasesBy Rajendra Jadhav and Asha…

* U.S.-China tensions over Hong Kong unnerve investors globally* Palladium on course for strongest week since end-March* For an interactive graphic tracking the global coronavirus spread,…

* Gold down 0.4% so far this week* Palladium eyes best week since end-March* For an interactive graphic tracking the global coronavirus spread, open https://tmsnrt.rs/3aIRuz7 in an external…

May 22(Reuters) – Britain’s FTSE 100 .FTSE index is seen opening 47 points lower at 5,968 on Friday, according to financial bookmakers.* British consumer confidence in early May dipped back…

May 22 (Reuters) – Gold prices inched up on Friday, after falling more-than 1% in the previous session, as rising concerns over U.S.-China relations weighed on risk appetite, although the…

* Asian stock markets: https://tmsnrt.rs/2zpUAr4By Chris PrenticeWASHINGTON, May 21 (Reuters) – Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor…

(Recasts, adds comments, updates prices)* Dollar index firms, Wall Street slips* Palladium eases off one-month high hit on Wednesday* For an interactive graphic tracking the global…

Source: in.investing.com


News

News

Source: traders-terminal.com


China raises US trade tensions with warning of ‘new cold war’

China raises US trade tensions with warning of ‘new cold war’

The prospects of a trade war between China and the western economies ratcheted up on Sunday as Beijing accused the US of pushing relations towards a “new cold war”.

“China has no intention to change, still less replace the United States,” China’s foreign minister, Wang Yi, said on Sunday in the latest escalation in tensions between the world’s two largest economies. “It’s time for the United States to give up its wishful thinking of changing China and stopping 1.4 billion people in their historic march toward modernisation.”

He said US political attacks on China over the coronavirus and global trade matters “are taking China-US relations hostage and pushing our two countries to the brink of a new cold war”.

Relations between the UK and the US have also soured as a string of Conservative politicians pressed on Sunday for tighter controls to protect struggling UK companies from Chinese takeovers, and the UK announced an emergency review of the deal to allow the Chinese telecoms firm Huawei to help run the forthcoming 5G mobile network.

Britain’s National Cyber Security Centre is expected to conclude that recently announced US sanctions against Huawei will make it impossible to use the Chinese company’s technology as planned.

A government spokesman said: “Following the US announcement of additional sanctions against Huawei, the NCSC is looking carefully at any impact they could have to the UK’s networks.”

Last week Boris Johnson was forced to give in to to Conservative backbench rebels opposed to the presence of Huawei in 5G networks. The prime minister said he was drawing up plans to reduce the Chinese company’s involvement to zero by 2023.

Over the weekend, a series of well-known Conservative MPs added their voices to the debate by either writing or tweeting newspaper articles about the UK distancing itself from China. The MPs included former leader Iain Duncan Smith, former defence secretary Liam Fox and Tom Tugendhat, the chairman of the Commons foreign affairs committee.

Writing in the Sun on Sunday, Fox said: “China is at a crossroads and needs to decide whether it truly wants to become a partner in the global community or take the path to becoming a pariah state.”

Tugendhat argued in the Financial Times that “time is running out” to accelerate new legislation designed to make it harder for state-owned companies from countries such as China to take over struggling UK firms.

“Britain needs to bring its laws on foreign ownership in line with partners,” he said. “The Committee on Foreign Investment in the United States provides one model that gives the government discretion and dissuades many inappropriate buyers before a veto is required.”

The issue of Huawei’s involvement in the UK’s 5G network has long been controversial in the US as well as Britain.

Excluding Huawei from the UK’s 5G network would amount to a hasty reversal of a policy announced by ministers in January to limit Huawei to 35% of 5G network supply, and risks irritating China and adding hundreds of millions in costs for BT and other phone companies.

The debate in the UK came as Wang told a press conference on the sidelines of National People’s Congress meetings in Beijing: “Regretfully, in addition to the raging coronavirus, a political virus is also spreading in the United States. This political virus is using every opportunity to attack and smear China.”

The debate over trade has intensified as the economic fallout from the coronavirus pandemic becomes clearer.

According to a paper published by the World Economic Forum on Sunday, the value of Chinese exports fell by 17.2% year on year in the first two months of 2020, while imports slowed by 4%.

The research added: “Major industries have suffered at the hands of Covid-19, with nuclear reactors, electrical machinery and equipment, plastics and organic chemicals among the worst affected … Globalisation will work best through the adoption of a strong international cooperation network.”

The battles over world trade were further complicated by China’s proposed national security legislation for Hong Kong, which could prompt US sanctions and threaten the city’s status as a financial hub, the White House national security adviser, Robert O’Brien, said on Sunday.

“It looks like, with this national security law, they’re going to basically take over Hong Kong, and if they do … Secretary [of State Mike] Pompeo will likely be unable to certify that Hong Kong maintains a high degree of autonomy, and if that happens, there will be sanctions that will be imposed on Hong Kong and China,” O’Brien said on NBC’s Meet the Press.

Source: www.theguardian.com

Author: Dan Sabbagh


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